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Fraud and Corruption Risk Management 2012

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Fraud and Corruption Risk Management 2012 Fraud and Corruption Risk Management 2012 Document Transcript

  • THINKING BEYOND THE OBVIOUS Fraud and Corruption Risk Management Workshop13 -14 March 2012Global Prospectus Training CentreUnit 5 Ferndale Mews, 15 Dover Street,Randburg , JHB SETA Accreditation No. 2502
  • OVERVIEWWhat happens when control systems fail and fraud occurs in your organisation?Fraud is a serious risk that all businesses need to manage, especially in today’s globalised economy, where fraud andcorruption can easily create a domino e ect causing serious nancial and reputational loss. Instances of corporatefraud and misconduct undermine stakeholders’ already fragile trust in these uncertain economic times. us it isimportant that businesses not only recognise the problem but also set out clear procedures to proactively deal withboth issues. A broad ranging fraud risk management programme is crucial in this respect, enabling appropriatecompliance with regulatory requirements and guiding businesses in aligning corporate values and objectives tominimise fraud risks. is 2-day intensive workshop will address key components of Fraud & Corruption RiskManagement, equipping you with practical knowledge about the essential components of an e ective fraud andcorruption risk management strategy, vulnerable areas of risk, pro les of common fraudsters and empower you todevelop an appropriate fraud policy and response plan according to your risk appetite. At the end of the workshop,bene t from the active participation via hands-on sessions and highly-relevant, in-depth case studies to bring backe ective strategies that are fully implementable to combat and protect your business against fraud. BENEFITS OF ATTENDING• Learn the di erence between inherent and residual risks and means of overcoming both• Understand risk factors to fraud mitigation and how it varies depending on nature of business• Rank the levels of fraud risk applicable to an organisation using continual reassessment protocols, cost/bene t analysis and more• Apply tools and techniques to identify potential integrity de ciencies and recommend control enhancements• Compare generic with entity-speci c measures to decide on the best one to implement• Identify appropriate response mechanisms and come up with remediation actions to deal with fraud risk• Develop supplier/service provider and client integrity monitoring• Leverage on computer forensics in an investigation to preserve, recover and search data• Implement forensic accounting to gain an overview of creative accounting techniques WHO SHOULD ATTEND• Directors and Managers in charge of fraud• Risk Management, Finance, Compliance, Security, Forensic Accounting• Internal and External Audit• Legal Counsel and Executives responsible for preventing Fraud and Corruption YOUR FACILITATORPat CunninghamPat is the Managing Member of Cerberus Risk Consultants engaged in nancial crime prevention, corporategovernance, risk management and ethics awareness, anti-money laundering training and workshops throughoutAfrica as well as o ering employee screening services. He retired at the beginning of 2011 as Executive Director ofthe South African Fraud Prevention Service, a position he held from 2000 when he was appointed to start the serviceby the major banking and retail credit grantors in South Africa.Pat is the part time Executive Director for Africa and the Middle East for the ATM Industry Association (ATMIA)He is also a Director of 360 Global, a UK based company associated with the insurance claims industry.Pat holds a degree in law, an associate degree in Risk Management and is a Fellow of e Society of Risk Managers(South Africa). He has also attended Senior Management programmes at Stellenbosch University Business School aswell as programmes in criminal law at University of KwaZulu Natal. Pat was born in the UK, and went to Zimbabwein 1963 and then to South Africa in 1979 to join the Sentrachem Group.In 1984 Pat joined the Boumat Group of companies and spent 12 years as Group Risk Manager before joining SouthAfrican Breweries as Divisional Risk Management Consultant in SAB’s South African Beer Division. He left SAB tostart the South African Fraud Prevention Service. He has been a guest lecturer on Corporate Governance at severalBusiness Schools and educational institutions. He has developed workshops and presented programmes in London,Sydney, Nairobi, Kampala, Lusaka, Accra, Dar es Salaam, Victoria Falls, Johannesburg, Windhoek, Gaberone andCape Town as well as to the Lesotho Revenue Authority, the Social Services Commission of Namibia and eReserve Bank of Botswana.In December 2008 he presented a paper on identity crime in the Southern African context at the InternationalScienti c and Professional Advisory Council of the United Nations Crime Prevention and Criminal JusticeProgramme in Courmayeur, Italy and which was later published in the o cial journal of ISPAC.He has also appeared on numerous television and radio programmes both in South Africa, the United Kingdom andAfrica generally with regard to fraud prevention and has been regularly quoted in the South African print media.Pat is listed in the prestigious publication Who’s Who in Southern Africa and he is the recipient of the Spirit Awardfrom the Bank of America. GLOBAL PROSPECTUS TRAINING (PTY) LTD. Chief Executive O er - Dhevaraj Pillay Johannesburg - Tel: +27 11 781 6222 Fax: +27 11 781 6044 Marketing - m2@globalprospectus.co.za Auditors - Russell Bedford SA (Jhb) Inc. Pietermaritzburg - Tel: +27 33 391 4229 Fax: +27 33 391 5722 Design - www.designmaster.co.za (071 018 8355) Legal - DA Morris & Associates
  • COURSE AGENDA Session 1 Apart from the nancial implications of integrity failures, which can be severe, the fallout from a reputational perspective can be disastrous. During this session, we will address the following concepts: • What is corruption and why is it a problem? • e link between fraud and corruption • Pro ling possible perpetrators and identifying their motivations Session 2 e solution to managing fraud and corruption risk optimally lies in an integrated pro-active approach to identifying, assessing, mitigating and monitoring fraud and corruption risks. Components of the Fraud and Corruption Risk Management Approach: • Fraud and Corruption Risk Assessment • Developing & implementing an Integrated Fraud and Corruption Risk Management Strategy • Developing an Incident Response Strategy • Maintaining an ongoing Monitoring Programme Understanding risk factors to fraud and corruption mitigation and how it varies depending on nature of business. Session 3 Fraud and Corruption Risk Assessment Methodology and Techniques Existing controls, thresholds and procedures should be assessed regularly and improved if insu cient. Although it is not always possible to eradicate risk areas, knowing your vulnerabilities enables you to prevent or detect integrity failures early on. Understanding key elements of an e ective fraud and corruption risk assessment process: • Risk identi cation • Risk analysis • Risk treatment • Analysing areas in the fraud and corruption risk assessment with common de ciencies • Applying the assessment process to develop a fraud & corruption risk assessment for a company • Rank the levels of fraud and corruption risk applicable to an organisation using continual reassessment protocols, cost / bene t analysis and more. Session 4 Developing and Implementing an Integrated Fraud and Corruption Risk Management Strategy As an organisation, how do you: • Ensure the integrity of your business processes and that appropriate measures are in place? • Mitigate the many integrity risks that can exist? • Importance of an integrated strategy • e components of an Integrated Fraud and Corruption Risk Management Strategy: o A risk governance structure and risk assessment methodology o Pro-active fraud and corruption management measures o Reactive measures, such as an incident response plan. Applying the tools and techniques to identify potential de ciencies and recommend control enhancements. Session 5 Pro-active Fraud and Corruption Management Measures Prevention is always better than cure. Managing the risk and consequences of fraud and corruption requires one to have in place appropriate pro-active fraud and corruption management measures. Generic measures vs. Entity speci c measures • Ethics • Whistle blowing • Employee support programmes • Fraud awareness training Enabling policy and procedure environmentGLOBAL PROSPECTUS TRAINING (PTY) LTD. Chief Executive O er - Dhevaraj PillayJohannesburg - Tel: +27 11 781 6222 Fax: +27 11 781 6044 Marketing - m2@globalprospectus.co.za Auditors - Russell Bedford SA (Jhb) Inc.Pietermaritzburg - Tel: +27 33 391 4229 Fax: +27 33 391 5722 Design - www.designmaster.co.za (071 018 8355) Legal - DA Morris & Associates
  • COURSE AGENDA... Session 6 Developing an Incident Response Strategy It is all too familiar that organisations go into crisis mode when their integrity had been compromised. Proper planning can help you take the right actions to mitigate your exposure when an incident occurs. • A decision framework of appropriate response actions in speci c situations • Enabling policy and procedures to facilitate incident resolution • Managing the consequences of an incident • Identifying appropriate response mechanisms: - developing remediation actions to fraud and corruption risk • De ning relevant reporting, cooperation and escalation protocols pro-actively Identifying the coordination needed between Audit, Compliance, Legal and an external investigator when an incident occurs. Session 7 Maintaining an Ongoing Monitoring Programme If you are reliant on suppliers/service providers who are able to operate with little or no oversight, you run the risk of your suppliers/service providers taking advantage of various schemes that may be contrary to your interests. If you are a supplier/service provider to other organisations, you may want to ensure that your own procurement and manufacturing/service delivery processes do not expose you to risks associated with your upstream clients. A practical approach to developing and implementing an ongoing monitoring programme. • Supplier/service provider and client integrity monitoring • Pro-active business and data analysis • Pro-active risk monitoring. Session 8 Forensics and Latest Technologies in Investigations e eld of forensic accounting is developing at a rapid pace to keep up with new technologies and business processes. It is therefore important to have an understanding of how one can employ new techniques and processes to assist in the fraud risk management process. • Using the forensic accounting approach to gain an overview of creative accounting techniques • Using computer forensics in an investigation to preserve, recover and search data • Implementing data analytics to detect and investigate fraud and corruption PROGRAMME SCHEDULE All timings are approximate due to the interactive nature of the course. 08:30 - 09:00 Registration and early morning tea 09:00 - 10:30 Opening remarks and morning session 10:30 - 11:00 Mid-morning refreshments and networking break 11:00 - 12:30 Mid-morning session 12:30 - 13:30 Networking luncheon 13:30 - 15:00 Afternoon session 15:00 - 15:30 Closing remarks and afternoon refreshmentsGLOBAL PROSPECTUS TRAINING (PTY) LTD. Chief Executive O er - Dhevaraj PillayJohannesburg - Tel: +27 11 781 6222 Fax: +27 11 781 6044 Marketing - m2@globalprospectus.co.za Auditors - Russell Bedford SA (Jhb) Inc.Pietermaritzburg - Tel: +27 33 391 4229 Fax: +27 33 391 5722 Design - www.designmaster.co.za (071 018 8355) Legal - DA Morris & Associates
  • Fraud and Corruption Risk Management Workshop ONLY R699 13 - 14 March 2012 Per D 0Registration Form Global Prospectus Training Centre eleg ex. VA ate, T. Unit 5 Ferndale Mews, 15 Dover Street ,GPW M4 Randburg , JHB Fax Completed Registration Form To: +27 11 781 6044Company Name:Type of Business:Address:Tel: Fax: VAT Number:Delegate 1:Position: E-Mail:Delegate 2:Position: E-Mail:Delegate 3:Position: E-Mail:Delegate 4:Position: E-Mail:Delegate 5:Position: E-Mail:AUTHORISATION: Signatory must be authorised to sign on behalf of Company CREDIT CARDName: Cardholder’s Name: DETAILSPosition: Credit Card Number:Signature: Date: CVC No: Expiry Date:PAYMENT METHODS1. Bank Transfer - Global Prospectus Training (PTY) Ltd. 2. Credit card - Please fill in your credit card details above First National Bank: Randburg 3. Cheques - Made Payable to: Global Prospectus Training (PTY) Ltd. Account Number: 62109 270372 Branch Code: 254005TERMS & CONDITIONSThe following terms and conditions will apply: Substitutions Payment is required in full 5 days from date of invoice Delegates must inform Global Prospectus Training (PTY) Ltd in writing All payments to be made directly to Global Prospectus Training (PTY) Ltd. of any substitutions. No seats will be reserved, unless Global Prospectus Training (PTY) Ltd. receives a signed registration form. There is no charge for substitutions. Global Prospectus Training (PTY) Ltd. reserves the right, due to circumstances beyond our control, to change Global Prospectus Training (PTY) Ltd will not be held liable for incorrect speakers, program content, date & venue. Delegate details on Certi s, etc. in the event of substitutions being The signed registration form is a legally binding contract. made on the day of the conference. In the event of Global Prospectus Training (PTY) Ltd having to cancel or postpone an event due to circum-Cancellations stances beyond our control, delegates will be issued with a credit voucher,All cancellations will be subject to approval by the management of Global Prospectus Training (PTY) Ltd. - which may be used at another of our events.All cancellations made 7 days prior to date of the above mentioned event will be subject to a 50% cancellation fee.Cancellations made within 7 days of date of the above mentioned event, will be subject to a 100% cancellation fee. - Global Prospectus Training (PTY) Ltd will not be held liable for travel and accommoda -The will be no refunds or credit vouchers. tion costs. The conference fee includes: conference material, lunches and refreshments, but excludes travel & accommodation.GLOBAL PROSPECTUS TRAINING (PTY) LTD. Chief Executive O er - Dhevaraj PillayJohannesburg - Tel: +27 11 781 6222 Fax: +27 11 781 6044 Marketing - m2@globalprospectus.co.za Auditors - Russell Bedford SA (Jhb) Inc.Pietermaritzburg - Tel: +27 33 391 4229 Fax: +27 33 391 5722 Design - www.designmaster.co.za (071 018 8355) Legal - DA Morris & Associates